"Treasury bonds are essentially a speculative asset here," writes John Hussman, cutting the duration of his fund's bond holdings to less than a year. While the plunge in yields confirms his view of "a dire economic picture," 1.5% "leaves little on the table but speculative merit."

WAY better for us (NEM) 3% yield 100%+ return in growth compared to (TLT) over 5 years if back tested. Also go long (TBT) for the great unwinding that Bill Gross is predicting coming soon when everyone tries to drink downstream fron the herd it will not be pretty.